Dec. Live Cattle futures closed up 0.575 at 100.750 and Nov. Feeder Cattle closed up 0.225 at 116.600. Dec. Lean Hogs closed down 0.475 at 63.325.

“To fly, we have to have resistance.”

Author: Maya Lin

AS I SEE IT:The E-mini S&P rallied in overnight trading, it traded lower closing the opening gap when the regular session opened, then traded higher to Friday’s resistance levels.From there it started selling off on the GM strike news closing a little lower on the day.

My short, intermediate, and long-term trading strategies are all higher.The market is consolidating the large gains we had last week, now we’ll have to see if the day-trading lows hold and we have another rally, or if they break down to major support.

Our Day-Trading Strategies worked very well in the E-mini S&P contract, and were just fair in the Grains and Oil contract for me today.

Daily Charts Sent Directly To Your Email

Send Email

Soaring Phoenix, LLC

About The Author

Mr. Ray Olson is the Author of the Market Strategies Workbooks. He has been trading for over 40 years, and his insights are priceless. Besides trading the Soaring Phoenix accounts, he publishes the Newsletters and teaches others how to trade.

Trade Like A Pro...Live The Life You Want

We want to give everyone the opportunity to "Trade Like A Pro" with the Soaring Phoenix Market Trading Strategies workbooks and free newsletter.
Even though these market trading strategies can be used in any market with enough volume to create movement, we specialize in teaching brokers/traders to trade the E-mini S&P, Nasdaq 100, 30 yr. T-Bonds, Gold, and the Oil market futures.
Our Instructor, Mr. Ray Olson, Senior Trader for Soaring Phoenix LLC accounts, and the Author of the Soaring Phoenix Market Trading Strategies has traded for 40 years and is one of the best traders in the country. We are fortunate to have him trade for Soaring Phoenix, and help others learn how to trade with the profit probabilities on their side.
We offer everyone the opportunity to learn more about our market trading strategies by sending them FREE, a daily newsletter with market comments and charts. We also send ATM (Active Trading Momentum) numbers for 60 days, so students can get an idea what these market trading strategies can do for them. If you purchase the Workbooks, Mr. Olson is available for his students to give them further instruction.